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Locus Impact Fund
Locus Impact Fund reported $10.8 million in revenue and $9.8 million in expenses for calendar year 2024. Of every $100 it spent, $79.99 went to program services, $20.01 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 57.5% of the total. Government grants made up 43.8%. The highest compensation it reported for one person was $390,671 (PRESIDENT & CEO). 8 people received more than $100,000 in reportable compensation. Revenue rose 62% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $9.8MFor context, the median across 479 covered community improvement & capacity building charities: $90.45 programs, $9.31 management, $0.24 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $11MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 80.0% | 89.1% |
| Management & general Part IX 25(C) ÷ 25(A) | 20.0% | 9.2% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.2% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 57.5% | 80.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 43.8% | 14.9% |
| Program service revenue share Part VIII 2g ÷ 12 | 33.2% | 11.9% |
| Highest reported compensation Part VII-A, columns D–F | $390,671 | $291,103 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 4.00% | 1.49% |
| People paid over $100,000 Part VII, line 2 | 8 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 32.2 | 9.2 |
| Independent voting board members Part VI 1a–1b | 11 of 11 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseAid community development by providing loans, loan guarantees and other forms of debt or equity financing for community and business organizations, as well as to provide training and technical assistance to business owners and managers
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT & CEO Officer, 17.00 hrs/week | $70,875 | $319,796 | $0 | $390,671 |
| CHIEF FINANCIAL OFFICER Officer, 17.00 hrs/week | $196,296 | $164,537 | $11,526 | $372,359 |
| SR. VICE PRESIDENT, CIGP Highest compensated employee, 39.00 hrs/week | $185,068 | $76,020 | $9,216 | $270,304 |
| CHIEF GROWTH AND STRATEGY OFFICER Key employee, 17.00 hrs/week | $117,538 | $126,284 | $6,105 | $249,927 |
| CHIEF EXTERNAL AFFAIR OFFICER, SVP Highest compensated employee, 17.00 hrs/week | $110,265 | $130,687 | $7,800 | $248,752 |
| CHIEF INFORMATION OFFICER Highest compensated employee, 17.00 hrs/week | $117,900 | $97,405 | $7,484 | $222,789 |
| CHIEF HUMAN CAPITAL OFFICER, SVP Highest compensated employee, 17.00 hrs/week | $105,763 | $106,468 | $6,087 | $218,318 |
| EXECUTIVE DIRECTOR, IMPACT LENDING Highest compensated employee, 17.00 hrs/week | $141,622 | $65,002 | $7,377 | $214,001 |
8 people received more than $100,000 in reportable compensation from Locus Impact Fund (Part VII, line 2).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b11 · 11 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aNo
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 599
Private foundation grants it received
2 private foundations reported grants to Locus Impact Fund totaling $232K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Locus Impact Fund's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Locus Impact Fund, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Locus Impact Fund spent in 2024, $79.99 went to programs. The full breakdown, from its IRS Form 990:
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All community improvement & capacity building charities · Largest charities in Virginia
Questions people ask
How much of Locus Impact Fund's spending goes to programs?
In calendar year 2024, Locus Impact Fund reported that 80.0% of its $9.8 million in expenses went to program services, 20.0% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Locus Impact Fund pay its top executive?
The largest total compensation Locus Impact Fund reported for one person in calendar year 2024 was $390,671, for the role of PRESIDENT & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Locus Impact Fund get its money?
Of $10.8 million in revenue in calendar year 2024, 57.5% came from contributions and grants (including 43.8% from government grants) and 33.2% from program service revenue (Form 990, Part VIII).
Is Locus Impact Fund a registered charity?
The IRS lists EIN 54-1754009 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202513189349304711 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202403169349305260 · read the filing
- 2022: Form 990 for calendar year 2022, object 202303199349324870 · read the filing
- 2021: Form 990 for calendar year 2021, object 202223199349304602 · read the filing
- 2020: Form 990 for calendar year 2020, object 202113199349303231 · read the filing
- 2019: Form 990 for calendar year 2019, object 202013189349303986 · read the filing
All filings for EIN 54-1754009: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.